AGP Executive Report
Last update: 42 minutes agoRates and Inflation: Australia’s annual inflation climbed to 4.3% in September, while core inflation also remained above the RBA’s target. Markets now see a November rate rise as highly likely, which would be the fifth increase this year and lift the cash rate to 4.85%. RBA officials called inflation too high but said they saw no signs of recession. Market Reaction: The ASX finished nearly flat as the inflation data revived rate concerns, weighing on rate-sensitive shares and adding pressure to mortgage holders. Compliance: The Star Entertainment Group was fined $260 million for widespread anti-money-laundering failures. The court found the casino operator repeatedly failed to monitor high-risk customers; Star has warned that a penalty above $100 million could threaten its survival.
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